Surety Underwriting Manager - Transactional

Core Specialty Insurance Holdings, Inc.; United States; Remote; USD 110,000 - 160,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Short-term disability

Long-term disability

Company-match 100% of 6% 401(k) plan

Employee Assistance Plan

Health Savings Account

Flexible Spending Account

Health Reimbursement Account

Wellness program

Job summary

Core Specialty Insurance Holdings, Inc. is seeking an Underwriting Manager in the United States. The role focuses on assessing risk for surety bond applications, evaluating financial strength, and determining underwriting terms to protect profitability.

Ideal candidates will have 7+ years in surety underwriting, bachelor’s degree in finance or related field, and strong analytical abilities. The position is remote with preference for candidates based in TX, GA, or FL.

Qualifications

• Bachelor's degree required or equivalent work experience.
• 7+ years of surety underwriting or related field.
• Strong analytical skills and ability to interpret financial data.

Responsibilities

• Review and evaluate surety bond applications to determine risk levels and underwriting terms.
• Analyse financial statements, credit reports, and other documents to assess applicants' financial stability.
• Collaborate with brokers, agents, and clients to gather information for bond risk analysis.
• Develop and maintain relationships with brokers, agents, and industry professionals.
• Provide guidance to junior underwriters or team members and stay updated on industry trends.

Skills

Decision making

Attention to detail

Communication skills

Project management

Analytical thinking

Education

Bachelor's degree in finance, business, accounting, or related field

Tools

Underwriting software

Job description

The Underwriting Manager is responsible for assessing and managing risk associated with surety bond applications. This position will be responsible to evaluate the financial strength and credibility of applicants, analyze terms, and make informed decisions to protect the interests of the surety company while maintaining profitability.

The ideal candidate will be based in Texas, Georgia, or Florida.

Key Accountabilities/Deliverables:

• Review and evaluate surety bond applications/submissions to determine risk levels and underwriting terms.
• Analyse financial statements, credit reports, and other relevant documents to assess the financial stability of applicants.
• Collaborate with brokers, agents, and clients to gather necessary information required for proper analysis of bond risks.
• Develop and maintain relationships with brokers, agents, and industry professionals.
• Provide guidance and support to junior underwriters or team members.
• Stay updated on industry trends, regulations, underwriting practices, and competitors.
• Coordination with Automation Team to implement bond types/risks in the surety bond platform.
• Stay abreast of obligee requirements and statutory changes.
• Other projects and tasks as assigned.

Technical Knowledge and Understanding:

• Excellent decision-making abilities and attention to detail.
• Proficiency in underwriting software and tools.
• Effective communication skills, both verbal and written.
• Ability to manage multiple projects and prioritize tasks effectively.

Experience:

• Bachelor’s degree in finance, business, accounting, or related field or equivalent work experience.
• Extensive experience (7+ years) in surety underwriting or related field.
• Strong analytical skills with the ability to interpret financial data.
• Knowledge of surety bond principles, including indemnity agreements and bond forms.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position. This includes assistance, or support for an immigration-related employment benefit such as H-1B, O-1, E-3, TN status, CPT, OPT, or STEM OPT.

#LI-Remote

At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement.

We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program

• medical, dental, vision, and life insurances
• short and long-term disability
• a Company-match of 100% of a 6% contribution 401(k) plan
• an Employee Assistance Plan
• Health Savings Account
• Flexible Spending Account
• Health Reimbursement Account
• a wellness program